Geode Capital Management LLC Grows Stock Holdings in Trinseo PLC (NYSE:TSE)

Geode Capital Management LLC raised its stake in shares of Trinseo PLC (NYSE:TSE) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 385,931 shares of the basic materials company’s stock after buying an additional 14,780 shares during the period. Geode Capital Management LLC’s holdings in Trinseo were worth $1,973,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV purchased a new stake in Trinseo in the 2nd quarter worth approximately $25,000. Ground Swell Capital LLC bought a new position in shares of Trinseo in the second quarter worth approximately $29,000. Meeder Asset Management Inc. purchased a new stake in shares of Trinseo in the second quarter worth $37,000. PFG Investments LLC bought a new stake in shares of Trinseo during the 3rd quarter valued at $52,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Trinseo during the 2nd quarter valued at $55,000. Institutional investors own 82.69% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Trinseo from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

Trinseo Stock Performance

TSE opened at $4.65 on Thursday. The stock has a market capitalization of $164.62 million, a price-to-earnings ratio of -0.33 and a beta of 1.57. The company has a fifty day moving average of $4.56 and a 200 day moving average of $4.11. Trinseo PLC has a fifty-two week low of $1.93 and a fifty-two week high of $7.15.

Trinseo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th will be issued a $0.01 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.86%. Trinseo’s dividend payout ratio (DPR) is -0.28%.

Trinseo Profile

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.